AS-IS Addendum and Hold Harmless Agreement

1 15101 W. 8 Mile Road Detroit, MI 48235. AS-IS Sale Addendum and hold Harmless Agreement I/We, the undersigned purchaser(s) of the property located _____ in the City of _____, hereby state that we have examined the above described property, do hereby accept the property in its present AS-IS condition. We further state that there are no other agreements, oral or otherwise, other than that stated on the purchase Agreement relative to the sale of the above property. hold Harmless : I/We acknowledge that we hereby agree and do release, indemnify and save and hold Harmless REO America Realty, 15101 W. 8 Mile Road, Detroit, MI 48235 and its agents, successors and or assigns or representatives for any and all actions, causes of action, litigation, suits, claims and demands for loss or damages, conditions that may occur regarding any physical and/or structural defect including buy not limited to mold, sewer, septic, well, plumbing, heating, electrical, wiring, roof, basement or foundation, property acceptability, guarantee of future use or removal by seller of any items listed on the purchase Agreement or attached to the sale of the property.

2 Purchaser(s) should hire persons knowledgeable in these fields to inspect and provide professional advice prior to making an offer on this property. All information provided by REO America Realty via MLS, internet, etc. is deemed an estimate and must be verified by the buyer's agent. Documentation: Purchaser shall pay $ documentation fee to REO America Realty. Demolition Status: REO America Realty and their agents and/or representatives have no knowledge of the status of the abovementioned property being on a list of homes slated for demolition by the abovementioned Municipality. It is the sole responsibility of the Buyer, and/or Buyer's Agent, to contact the Building and Safety of said Municipality prior to closing in order to confirm if the property is currently on a demolition list, and what steps and fees are required to have said demolition deferred.

3 Buyer is responsible and solely liable for all costs associated with obtaining a deferment of demolition. Buyer is aware that demolition deferments are temporary and may be revoked if certain conditions are not maintained or deadlines met. City Inspections: If required by the municipality having jurisdiction, for the reason of complying with City Ordinance, the following may apply: Purchaser understands that they are buying the abovementioned property in an AS-IS condition, and the Seller shall make no repairs, no pay for any inspections to said property. Purchaser(s) are aware of and fully understand, that in municipalities where city certifications are required, purchaser(s) is responsible to pay for said city pre-sale inspection and must submit to listing agent along with each accepted offer, a cashiers check or money order in the amount of $ and made out to City of Detroit.

4 The listing agent will be responsible to apply for the city pre-sale inspection. The Seller will order said pre-sale inspection upon receipt of completed offer to purchaser and necessary funds from Purchaser. Purchaser(s) agrees to assume and perform all repair requirements in order to obtain a temporary or full occupancy permit, at the Purchaser(s) expense prior to occupying the property. Purchaser may be required to take a copy of the purchase Agreement and present proper identification to receive an Affidavit of Compliance or other Temporary Certificate of Occupancy letter. Purchaser is aware that certain municipalities may require the Purchaser to escrow sufficient monies, prior to closing, to guarantee complete of code violations in a timely manner, or as required by the building department. Purchaser agrees to sign necessary waivers, affidavit and acceptance of code violations for legally required closing purposes and provide to Seller at least three days prior to closing.

5 Purchaser understand the closing will not be set, nor be completed until Seller has receipt of all required documents pertaining to city inspections. If the Purchaser fails to close on the property for any reason, the inspection fee will not be returned. Regarding properties in the City of Detroit, an interior/exterior pre-sale inspection will be ordered. Due to squatters, the utilities will not be turned on. If the city inspector encounters any problems, or if they are fearful of their well being, they will perform an exterior inspection only, which is sufficient to receive and Affidavit of Compliance Responsibility (ACR) for closing purposes. It is the Purchaser's responsibility to schedule an interior inspection after closing. Other Municipalities: In municipalities other than the City of Detroit, Purchaser(s) and/or Purchaser(s) Agent is responsible for turning on the utilities prior to said pre-sale inspection.

6 Purchaser may be required to take a copy of the purchase Agreement and present proper identification to the utility company for this to occur. Purchaser is responsible for informing the Municipality of their interest in buying bank foreclosure property being sold AS-IS , and that the Purchaser is accepting full responsibility for bringing the property up to code. Water Bills: Purchaser(s) is responsible to pay for said city final water read and must submit to listing agent along with each accepted offer, a cashiers check or money order in the amount of $ and made out to City of Detroit. Purchaser(s) is aware that the municipality may not turn on the water until any outstanding balances are paid in full. An attempt will be made to secure a final water bill prior to closing. If the municipality prior to closing does not release the bill, it is the purchaser's responsibility to secure the final bill and submit to REO America Realty within 15 days of closing.

7 The purchaser fails to submit a final bill before 15 days after closing; the purchaser will be responsible for any unpaid balances. Private Inspections: If Purchaser's offer is subject to completing a property inspection, the following clause shall apply: The Purchaser's agent is responsible for providing the private inspector(s) access to the property and for re-securing the property following the inspection. Purchaser's agent is to be present during all inspections and walk-through. If the private Inspection requires that the utilities be turned on at the time of inspection, Purchaser is responsible for having the utilities on at the time and date of the inspection. Purchaser may have entire property examined for present physical condition by a party of his/her own choosing and at his/her own expense within five (5) days after delivery to him/her of an accepted copy of this Contract to Purchase.

8 Unless Purchaser notifies Seller through Seller's Broker, in writing within two (2) days after such inspection that he/she has substantial cause to be dissatisfied with the current physical condition of the property, and which writing shall specifically state the causes of such dissatisfaction. Purchaser will be conclusively presumed to accept the condition of the premises AS-IS , in the event Purchaser so registers his/her dissatisfaction. Seller shall have the option of providing for the making of the required repair. If Seller does not so elect, this Contract shall be null and void and Purchaser's deposit shall be returned. If the property is winterized, Purchaser shall pay a fee of $ for having the property de-winterized for inspection purposes and by a contract of the Seller's choice, said fee is nonrefundable.

9 Seller is responsible to re-winterize the property immediately after the inspection. Should the property suffer any damages as a result of any inspections performed at Buyer's or Buyer's lender's request, then Buyer shall be solely responsible for repair of any damage and/or restoration of the property. _____ _____. Witness Purchaser _____ _____. Date Purchaser